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S'pore home prices rise again, defying sales slowdown

Bloomberg
Bloomberg • 1 min read
S'pore home prices rise again, defying sales slowdown
The increase marks the fourth straight quarter of price gains. Photo: Bloomberg
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Singapore home prices climbed for a fourth straight quarter as the country’s property valuations continue to defy a significant slowdown in sales.

Prices for private residences rose 1.1% from the previous three months, according to preliminary figures released by the Urban Redevelopment Authority on Monday. That compared with a 1.4% rise in the first quarter.

The increase marks the fourth straight quarter of price gains, reflecting continued local spending power despite a broader slowdown in sales in a market that boomed through the pandemic.

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